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🧠BITCOIN ETFs AND NATIONAL DEBT

🧠BITCOIN ETFs AND NATIONAL DEBT

Day: 09 | Time: 19:25:12 According to an infographic by Jeff Park, Head of Alpha Strategies at Bitwise, Bitcoin ETFs have accumulated an impressive amount of 247,018 Bitcoin since their creation. This is approximately double the 124,212 Bitcoin produced by miners since the ETFs' launch. This significant buying activity highlights the growing demand for Bitcoin in a context of limited supply, exacerbated by the April halving. Furthermore, considering the US national debt of approximately $35 trillion and the Bitcoin price of approximately $57,000, the total national debt in terms of Bitcoin would be 614,035,088 BTC. This highlights the enormity of the debt compared to the limited availability of Bitcoin.

Bitcoin ETF infographic
Bitcoin: Demand from US ETFs vs New Supply